Exercise 8-9 Common stock balance sheet disclosure LO 1 The balance sheet caption for common stock...
Exercise 8-9 Common stock balance sheet disclosure LO 1 The balance sheet caption for common stock is the following: Common stock, $3 par value, 2,510,000 shares authorized, 1,030,000 shares issued, 930,000 shares outstanding $ ? Required: a. Calculate the dollar amount that will be presented opposite this caption. b. Calculate the total amount of a cash dividend of $.25 per share. c. What accounts for the difference between issued shares and outstanding shares? Dividend Treasury stock
Homework Answers
(a) Balance sheet amount = shares issued * par value = 1,030,000 x $3 = $3,090,000
(b) Cash dividends are paid on outstanding shares.
930,000 x $0.25 = $232,500
(c) Treasury stock accounts for the difference in shares issued and shares outstanding.
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Exercise 8-9 Common stock balance sheet disclosure LO 1 The
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I need B.
DeZurik Corp. had the following stockholders’ equity section in
its June 30, 2020, balance sheet (in thousands, except share and
per share amounts):
June 30 (in thousands)
2020
2019
Paid-in capital:
$5.50 Preferred stock, $ ? par value, cumulative, 200,000
shares authorized, 96,000 shares issued and outstanding
$
3,840
Common stock, $5 par value, 4,000,000 shares authorized,
3,380,000 shares issued, 3,000,000 shares outstanding
Additional paid-in capital on common stock
27,040
Retained earnings
Less: Treasury common stock, at...
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DeZurik Corp. had the following stockholders’ equity
section in its June 30, 2019, balance sheet (in thousands, except
share and per share amounts):
Calculate the par value per share of preferred stock and
determine the preferred stock dividend percentage.
Calculate the amount that should be shown on the balance
sheet for common stock at June 30, 2019.
What was the average issue price of common stock shown
on the June 30, 2019, balance sheet?
How many shares of treasury stock...
36. Clayton Co. has common stock with $1 par value; 100,000 shares are authorized, 80,000 shares are issued, and 75,000 shares are outstanding. a. What is the value of the common stock as presented on the balance sheet? b. How many shares of treasury stock are there? c. If a $2 dividend was declared by the board of directors, what would the total dividend payment be
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What is common stock outstanding and show calculations
please? Also, what is retained earnings balance and show
calculations, same information used for both.
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I need B.
DeZurik Corp. had the following stockholders’ equity section in
its June 30, 2020, balance sheet (in thousands, except share and
per share amounts):
June 30 (in thousands)
2020
2019
Paid-in capital:
$5.50 Preferred stock, $ ? par value, cumulative, 200,000
shares authorized, 96,000 shares issued and outstanding
$
3,840
Common stock, $5 par value, 4,000,000 shares authorized,
3,380,000 shares issued, 3,000,000 shares outstanding
Additional paid-in capital on common stock
27,040
Retained earnings
Less: Treasury common stock, at...
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